If Actual Output Equals Potential Output,but Potential Is Growing Very

question 160

Multiple Choice

If actual output equals potential output,but potential is growing very slowly,then an economy

• A) is in a recession.
• B) is in an expansion.
• C) has an output gap.
• D) has a recessionary gap.
• E) is experiencing deflation.

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Definitions:

Self-Actualization Needs

The highest level of Maslow's hierarchy of needs, representing the need for personal growth and realizing one's own potential.

Self-actualization

The achievement or satisfaction of one's abilities and possibilities, viewed as a motivation or necessity inherent in all people.

Self-fulfilled

The accomplishment of something that one has desired or predicted for oneself, often without external help.

Creative Extent

The degree to which something demonstrates originality, imagination, or innovation in its design, approach, or execution.